Sale or transfer of permit.

10.15(1) No permit shall be sold or transferred without written approval of the commission. A petition for approval of the sale or transfer shall:#

a.Be jointly filed by the buyer, or transferee, and the seller, or transferor,#

b.Include assurances that the buyer, or transferee, is:#

(1)Authorized to transact business in the state of Iowa,#

(2)Willing and able to construct, operate, and maintain the pipeline in accordance with these rules, and#

(3)If the sale, or transfer, is prior to completion of construction of the pipeline, financially able to pay up to $250,000 in damages associated with construction or operation of the pipeline, or any other amount the commission has determined is necessary when granting the permit.#

10.15(2) For purposes of this rule, reassignment of a pipeline permit as part of a corporate restructuring, with no change in pipeline operating personnel or procedures, is considered a transfer and requires prior commission approval.#

Source history[ARC 9348C, IAB 6/11/25, effective 7/16/25]#